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Wednesday, February 11, 2009
Thanks for the 54-108, you jerkA decade late and several hundred million dollars short, Wayne Huizenga has regrets:
Outgoing Miami Dolphins majority owner H. Wayne Huizenga bid an emotional farewell to his favorite franchise Tuesday, but for the first time admitted he might have broke up the Marlins a year too soon after they won the 1997 World Series.
Or he could have exercised a little moderation and foresight, cut salary some instead of completely, plowed some of the savings into player development, and allowed the Marlins to be consistently competitive as opposed to the occasional-feast-mostly-famine cycle they've been on for the past ten years. If he had, he might have seen his team value grow so greatly so as to substantially eclipse the operating losses from year-to-year.
I wish baseball wasn't so restrictive with respect to who can and who can't own a team, but if MLB is going to act as gatekeeper, I wish they'd ensure that whoever buys into ownership is committed to building the long term health, vitality, and value of the franchise as opposed to myopic idiots like Huizenga.
Posted by Craig Calcaterra at 8:30am
Detroit Michael said...
Or he could stop lying about his losses. There is no way that he lost $34 million that year.
Posted 02/11 at 09:40 AM
The Common Man said...
$34 million. How disingenuous can one guy be. Especially since he’s probably not counting the revenue he earned from the stadium (which he owned, but as a separate entity). Given that his payroll was 53 million plus, and the attendence was 2.3 million, and that he got added revenue for the playoffs and Series (without significant additional expenses), I wonder whether Wayne Huizenga actually turned a profit that season (even though “the Marlins” didn’t).
Posted 02/11 at 09:59 AM
This guys is supposed to be a great businessman??!! First year in business, the Marlins attendance was 3,064,847—400,000 more than the league average. By ‘95, it had dwindled to 1.7 thanks to a crummy team, a crummy park and crummy weather.
Posted 02/11 at 10:12 AM
I miss Doug Pappas.
Key sentences: “...economist Andrew Zimbalist reviewed the Florida Marlins’ claim to have lost $34 million in their World Championship season of 1997. Zimbalist found that Marlins owner Wayne Huizenga, who also owned Pro Player Stadium through a different entity, attributed about $38 million of luxury suite, club seat, parking, concessions, advertising, and naming-rights revenues to the stadium rather than the team. This finagling made a profitable venture appear to be hemorrhaging money, and was used to justify Huizenga’s gutting of the team and subsequent demands for a new taxpayer-funded park.”
Posted 02/11 at 10:21 AM
I remember the interviews in the dugout after the fish won in ‘97. Huizenga literally ripped the WS trophy out of some player’s hands as soon as the camera was on him. Real classy; he’s right up there with Marge Schott.
Posted 02/11 at 10:28 AM
I miss George Steinbrenner. Say what you want about him, but he was out to win. Every single game, to include batting practice.
I hate the Yankees, but George belongs in the Hall.
Posted 02/11 at 01:17 PM
Pete Toms said...
@dlf - you beat me to it. Zimbalist devotes some of his book “May the best team win…” to this subject. IIRC, it’s what he refers to as “related party transactions”.
Posted 02/11 at 05:49 PM
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